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Padstow, Wadebridge and St Mawes the most expensive seaside places in Cornwall

By West Briton  |  Posted: May 24, 2014

padstow

Padstow is one of the most expensive seaside places to live in Britain

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PADSTOW, Wadebridge and St Mawes have been named in a chart of the most expensive places to live by the sea.

According to a study by the Halifax, house prices in seaside towns have risen by up to £500 a month in the last decade.

The most expensive town on the list was Salcombe, where the average house price is an astonishing £615,344.

The news means that the tiny town with a resident population of around 2,000, outstrips the famous millionaires’ playground of Sandbanks, Poole, where the average house price is a mere £574,089.

The Halifax said coastal property prices have grown by 42% in the last 10 years to reach £196,826.

And although there are some eye watering figures in the richest enclaves, the typical price tag on a seaside home is still over £42,000 cheaper than the average house price across Britain, at £239,518.

The Westcountry dominates the league of expensive places to live by the sea with Padstow taking fourth position in the top ten with its average house prices of £381,812.

Dartmouth, where average prices are £373,173, is fifth and Wadebridge is sixth with average prices of £371,670. House prices in the market town have risen by 91% in the last decade, putting it in ninth position of seaside towns with the biggest property prices increase in the last decade.

Craig McKinlay, mortgage director at Halifax, said: “Seaside towns provide a unique lifestyle opportunity” for people who lived there and second home owners.

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